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The Latest Breaking News from National Debt

Why Janet Yellen isn't worried about the $33 trillion national debt

Yellen looks at one key statistic to determine if the U.S.'s national debt is sustainable, and she says it's "at a very reasonable level.”

Fortune

New Study Warns Climate Change Could Skyrocket National Debts Globally

Research predicts that 59 nations will experience a drop in sovereign credit ratings.

Zenger

U.S. Credit Rating Downgrade Is a Sign of Government Dysfunction

The national debt has ballooned from $14 trillion to $32 trillion in a little over a decade.

Reason

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Fast-rising borrowing costs putting UK public finances at great risk, warns OBR

Gloomy report says national debt could exceed 300% of GDP within next 50 years

The Guardian - UK

The Next President Needs To Cut Spending

At a minimum, the national debt should be smaller than the size of the economy. A committed president just might be able to deliver.

Reason

U.S. Debt on Course to Balloon Before It Shrinks: Kiplinger Economic Forecasts

See why U.S. debt will continue to rise, thanks to factors such as inflation, Medicare, and Social Security spending.

Kiplinger

Editorial: Will we every truly know the depth of pandemic fraud?

The late American satirist P.J. O’Rourke once cracked that “Giving money and power to government is like giving whiskey and car keys to teenage boys.” The $32 trillion national debt is one testament to the accuracy of his observation. The billions and billions of dollars that Washington squandered during the…

Tribune News Service

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France avoid S&P credit downgrade but concerns persist

France managed to avoid a fresh credit downgrade from a leading rating agency on Friday, despite mounting concern over the country's surging national debt.

Radio France Internationale

French debt in spotlight as ratings agencies sound alarm

France's surging national debt is causing increasing alarm with the country risking a fresh warning on Friday over its credit rating after a downgrade.

Radio France Internationale

French credit rating under more pressure

PARIS: France's surging national debt is causing increasing alarm with the country risking a fresh warning on Friday over its credit rating after a downgrade.

Bangkok Post

Give America a debt brake fast

Since 1960, the United States has raised its debt ceiling 78 times -- soon to be 79, if Congress approves the latest last-minute deal. On a wall in Manhattan, not far from Times Square, a billboard-size display has kept a running tally of the national debt amount.

Bangkok Post

How does US debt rank compared with the rest of the world?

The United States has the world’s largest national debt at $31.4 trillion.

Al Jazeera

Stock market today: Asian markets mostly higher after Biden-McCarthy deal on US debt

Asian shares are mostly higher after President Joe Biden and House Speaker Kevin McCarthy reached a final agreement on a deal to raise the U.S. national debt ceiling

The Independent UK

Democratic veterans from 2 decades of budget wars say the national debt isn't worth holding the U.S. and global economy 'hostage'

"If the future is what you care about, then doing things that hurt the future doesn't make sense.”

Fortune

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Reason

Taxing the Rich Will Have No Meaningful Effect on Our Sky-High National Debt

The U.S. tax system is extremely progressive, even compared to European countries—whose governments rely on taxing the middle class.

The Independent UK

Watch: Biden and McCarthy arrive at White House to discuss US debt ceiling as default date looms

Watch live outside the White House as President Joe Biden meets with House SpeakerKevin McCarthy on Monday 22 May, after their first meeting on Sunday to try to break the stalemate over legislation to raise the national debt limit.

Fortune

The ‘dysfunctional’ debt ceiling fight could cause a $12 trillion blow to the American economy if Washington doesn’t get its act together

There have been 78 debt ceiling deals since 1960 and zero failures. Could this time really be different?

The Street

What Is the U.S. Debt Ceiling & How Does It Work?

Just like individuals and businesses, governments often borrow money to finance various operations. The bulk of the United States’ outstanding debt is in the form of treasury securities, and the total amount owed by the federal government is known as the national debt. As of this article’s last ...

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The Independent UK

FACT FOCUS: Who’s to blame for the national debt? It’s more complicated than one culprit

As political leaders work to reach a deal to raise the debt ceiling, some online have pointed fingers as to who is to blame for the national debt

The Conversation

'Mistaken, misread, misquoted, mislabeled, and mis-spoken' -- what Woody Guthrie wrote about the national debt debate in Congress during the Depression

The debt ceiling debate between the House GOP and President Joe Biden could, if not solved, lead to economic chaos and destruction – so it might seem strangely lighthearted to wonder what a Great Depression-era singer and activist would think about this particular political moment.

Fortune

Top Obama economist says we should abolish the debt limit as the current political 'brinksmanship' hurts the economy

The Harvard professor has argued since 2017 that the debt ceiling no longer helps restrain the national debt as intended.

WEKU

What the debt ceiling standoff could mean for your retirement plans

Biden has warned that defaulting on the national debt "would devastate retirement accounts," among other things. The head of advice methodology at Vanguard wants people to remember the bigger picture.

Zenger

Demonstration Of The Debt Ceiling Of How The Dealing Works In A Two Way Street

Congress and the White House have yet to strike a deal on the debt ceiling as the Biden Administration will shuffle money around.

Reason

Vivek Ramaswamy Is Wrong About the National Debt

We can't grow our way out of its ruinous economic impact. The only way forward is to cut spending.

ABC News

Deloitte Budget Monitor predicts significant shift in national debt ahead of federal budget

Multi-billion-dollar tax revenue and high commodity prices will likely result in a far healthier federal budget than initially predicted, according to Deloitte's annual Budget Monitor.

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